12-Unit Townhome
For Sale
$1,875,000
2915 MacGregor Downs Rd, Greenville, NC 27858
Fully leased residential property with two-bedroom, two-and-a-half-bath townhome layouts.
Property Size14,000 SF
Days on Market58
Property Features for 2915 MacGregor Downs Rd
General Information
Standard status
Active
Size
14,000 SF
Property subtype
Multifamily
Building Details
Building Size
14,000 SF
Year Built
2016
Listed By:
David Divine, SIOR
(919) 669-4931
Source:
Lee-associates
Added: Aug 23
Changed: Oct 3
Last Checked: Oct 16 at 7:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of David Divine, SIOR
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Investment Insights
Based on property information with market context.
This multifamily offering includes twelve townhomes presented together as one package. Each residence features a two-bedroom, 2.5-bath layout, providing a consistent configuration across the property. The community was built in 2016 and is currently 100% leased. Existing occupants are working professionals, with no current student tenants reported.
The property is located at 2915 MacGregor Downs Rd in Greenville, North Carolina, within minutes of ECU Health Medical Center, East Carolina University, and Downtown Greenville. Its established leasing history, uniform floor plans, and fully occupied status provide a clear operating profile for a multifamily buyer.
The property is located at 2915 MacGregor Downs Rd in Greenville, North Carolina, within minutes of ECU Health Medical Center, East Carolina University, and Downtown Greenville. Its established leasing history, uniform floor plans, and fully occupied status provide a clear operating profile for a multifamily buyer.
Key Highlights
- Twelve townhomes offered together as one package
- 100% leased multifamily property
- Built in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,041
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,740,820
$1.7M
Cap Rate 7%
$1,243,443
$1.2M
Cap Rate 9%
$967,122
$967.1K
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$168.0K $12.00/SF
− Vacancy
−$9.7K −$0.70/SF
EGI
$158.3K $11.30/SF
− OpEx
−$71.2K −$5.09/SF
NOI
$87.0K $6.22/SF
Area
Pitt County, NC
Vacancy
5.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,740,820
Cap Rate 7%
$1,243,443
Cap Rate 9%
$967,122
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,041 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,333 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 27858, NC
52,857
Population
26,281
Households
2
Avg Household Size
31
Median Age
46%
College-Educated
94%
High-School Grad
61.4 sq mi
ZIP Area
861
Density / Sq Mi
$60,915
Median Household Income
$34,598
Median Earnings
$1,042
Median Rent
$233,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully leased residential property with two-bedroom, two-and-a-half-bath townhome layouts.
Where is this multifamily property located?
The property is located at 2915 MacGregor Downs Rd Greenville, NC.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Twelve townhomes offered together as one package; 100% leased multifamily property; Built in 2016
